Aerospace Parts Manufacturing Market Size, Share, Research and Competitive Landscape 2030
The global aerospace parts manufacturing market size was estimated at USD 1,233.24 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. The expansion in air passenger and air freight volume across the globe against the backdrop of economic growth in emerging countries and considerable developments in commercial aviation are the key drivers for aerospace parts manufacturing market. The number of passengers flying per year has continued to ascend, fueled by affordable ticket prices, frequency of flights, and route availability. This is to positively impact on the aerospace parts manufacturing market over the coming years. Aviation is carbon intensive and one of the fastest growing sectors in terms of greenhouse emissions. Increasing demand for air transportation and decreasing marginal fuel efficiency are likely to put pressure on aerospace industry to reduce the greenhouse emissions. Growth and improvement in emer...